Economic Development in 10 Numbers. GM in San Antonio.

The numbers from GM Financial Co. economic development deal to build in San Antonio:

  • $3.23 million in public incentives
  • $24.5 million service center to be built
  • 700 jobs created in San Antonio
  • 490 people will be employed when the center opens in about 1 year
  • $49,794 average annual wage
  •  $2.5 million grant from Texas Enterprise Fund
  • $339,594 tax abatement over 6 years, at 50% tax abatement from San Antonio City Counci
  • $406,148 tax abatement, a 90% tax abatement on real and personal property from Bexar County Commissioners

GM’s donations:

  • $25,000 to My Brother’s Keeper in San Antonio, a program dedicated to keeping minority men in school
  • $25,000 to Abbott in October

San Antonio Express News | Tax incentives draw GM Financial to San Antonio